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德国成为世界第一大贸易顺差国后，正在快速积累人民币和黄金储备
The world’s largest trade surplus country: Germany is rapidly accumulating RMB and gold reserves
原创 BWC中文网 2018-04-05 10:07
《路透社》在数周前援引位于慕尼黑的智库IFO称，德国2017年经常帐盈余为全球最高（2870亿美元），连续第二年创全球各国最高，其次是日本的2030亿美元，中国2017年经常帐盈余为1350亿美元，排名第三。
图片来源Business Recorder
也就是说，德国已经成为世界第一大贸易顺差国，而美国是德国制造商品的最大买家，仅2017年美国人就购买了德国1115亿欧元的货物。事实上，美国和德国之间的行业竞争更为直接，结果就是技术竞争优势挤占了美国的份额，大放异彩的欧元也让德国出口在国际上获得了额外的优势。
我们查询Global EDGE公布的数据发现，德国前10大出口类别（包括机械和电子设备等）中的九个也在美国前10大出口类别之中。简单一句话来说，德国出口已经把美国出口挤出了市场。
所以，美国从来没有停止过对德国贸易问题上的指责，曾批评德国的贸易政策“非常差”，损害美国经济利益，欠北约和美国一大笔钱，德国总理默克尔则回击称，国内消费才是德国经济增长的主要推动力，并非贸易顺差。
德国前十大出口货物/ 数据来源于Global EDGE
正是在这些背景下，德国不仅在贸易出口在慢慢摆脱对美国的依赖，在外汇储备资产上也在去美元化，因为，随着美国经济、美元国际使用量和信用的渐渐衰败和下降，全世界对美元的依赖和包括近金寄存在美国等越发不安，甚至有一些猜测认为美联储监守自盗，用于操纵汇率，于是，近年掀起了一股运回海外黄金的潮流。
所以，作为黄金储备排名世界第二位的德国，率先行动。据CNN报道，德国央行去年8月宣布，该行已经完成了一项计划，自2013年以来,已经提前把存放在纽约和巴黎两地的黄金转移回了德国国内。与此同时，目前，法国，意大利、荷兰、匈牙利等国央行也在加快制订让本国黄金回国计划。
那么，德国为什么突然对把黄金从美国提前运回国表现出如此强烈的紧迫感与危机感？这背后隐藏着什么？只要听听这位德国联邦银行官员的话就明白了。
图片来源AFP
“一旦遭遇货币危机，德国可以立马发行自己的新货币”，要知道，德国可以利用其世界第二多的黄金储备来购买新货币，使其迅速成为欧洲强势币种，再加上雄厚强大的制造业为基础，所以，这个德国官员的惊人言论并非空穴来风。
数据显示，自2016年以来，德国买入的黄金总计达到了80亿美元，创下了欧洲地区国家的最高纪录，这说明，德国投资者们已经开始瞄准黄金以求避险。这从3月中甸匈牙利央行（只是中央银行中最小的黄金所有者之一）决定要将存在英国的黄金提前运回国这件事上也得到了印证，更是对那些认为他们需要开始努力保护其财政和资产边界的国家来说具有重要风向标的作用。
不仅于此，在德国运回黄金和快速购买黄金之后，德国对美元信用的防备不但没有停止，反而继续在其外储资产表中加大力度去去美元化。比如，1月15日德国央行理事会成员Andreas Dombret表示，德国央行决定将人民币纳入外汇储备。再比如，根据美国财政部3月15日发布国际资本流动报告，德国在今年1月减持33亿美元美债。事实上，不仅是德国，包括法国、西班牙、比利时等一批欧洲老牌资本主义国家也几乎同时宣布将人民币纳入其外汇储备。
图片来源GOINDGEI
所以，从这一点来说，美元既是美国最大的硬实力，但也是美国的软肋，特别是，德国把美国出口挤出市场后，快速积累人民币和黄金储备及匈牙利也跟进提前运黄金回国的决定，或许更像是告诉世界，以美元及技术为核心的世界经济金融体系裂痕不仅在东方，也正在西方内部间扩大。而一直有经济忧患意识的德国经济界也希望能在中国推动的亚欧重大经济项目中能分得较大的一杯羹。（完）
Reuters quoted the IFO, a think tank based in Munich, a few weeks ago that Germany’s current account surplus is the highest in the world ($ 287 billion) in 2017, the highest in the world for the second consecutive year, followed by Japan’s US$ 203 billion, China 2017 The current account surplus is $135 billion, ranking third.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Image Source Business Recorder
In other words, Germany has become the world’s largest trade surplus country, and the United States is the largest buyer of German-made goods. In 2017 alone, Americans purchased 111.5 billion euros of German goods. In fact, the industry competition between the U.S. and Germany is more direct. The result is that technological competitive advantage has overtaken U.S. share. The splendid euro has also given German exports an extra advantage internationally.
We look at the data released by Global EDGE and found that nine of the top 10 export categories (including mechanical and electronic equipment, etc.) in Germany are among the top 10 export categories in the United States. In simple terms, German exports have already squeezed US exports out of the market.
Therefore, the United States has never stopped accusing the German trade issue. It once criticized Germany’s trade policy as “very bad” and damaged the economic interests of the United States. It owed a large amount of money to NATO and the United States. German Chancellor Angela Merkel responded by saying that domestic Consumption is the main driving force behind Germany’s economic growth, not the trade surplus.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Germany's top ten export goods / data from Global EDGE
It is against these backgrounds that Germany is not only slowly escaping its reliance on the United States for trade exports, it is also depreciating its foreign exchange reserve assets, because, as the U.S. economy, the U.S. dollar’s international usage and credits gradually decline and decline, The world’s dependence on the U.S. dollar and its proximity to the U.S. have become increasingly unrest in the United States, and there are even some speculations that the Fed has guarded itself and manipulated the exchange rate. As a result, a wave of overseas gold has been set in recent years.
Therefore, Germany, ranked second in the world as a gold reserve, took the lead. According to CNN, the German Central Bank announced in August last year that it had completed a plan and that since 2013, it had transferred gold stored in New York and Paris to Germany in advance. At the same time, at present, the Central Banks of France, Italy, the Netherlands, Hungary, and other countries are also speeding up plans for the return of their gold.
Why did Germany suddenly feel so urgent about the rush and sentiment that gold is shipped back to the United States from the United States? What is hidden behind this? Just listen to the Bundesbank official and understand.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Picture source AFP
“In the event of a currency crisis, Germany can immediately issue its own new currency”. It is important to know that Germany can use its second-largest gold reserves in the world to buy new currencies and quickly become a strong European currency, plus a strong and powerful one. Based on manufacturing, the astonishing remarks of this German official are not groundless.
The data shows that since 2016, the total amount of gold bought by Germany has reached 8 billion U.S. dollars, which has set a record for countries in the European region. This shows that German investors have started targeting gold for safety. This was also confirmed in March when the Hungarian Central Bank of Hungary (and only one of the smallest gold owners in the central bank) decided to send Britain’s gold back to the country in advance. It is also for those who think that they need to start working hard to protect Countries with fiscal and asset borders are important weathervanes.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Not only that, after Germany's repatriation of gold and rapid purchase of gold, Germany’s defense of the US dollar’s credit has not only not stopped, but has also continued to increase its efforts to depreciate dollars in its foreign reserve assets table. For example, on January 15 the German central bank board member Andreas Dombret stated that the German central bank decided to include the yuan in foreign exchange reserves. For another example, according to the US Department of the Treasury’s report on international capital flows on March 15, Germany reduced its holdings of US$3.3 billion in US debt in January this year. In fact, not only Germany, but also a group of old European capitalist countries including France, Spain, Belgium, etc., also announced at the same time the inclusion of the renminbi in their foreign exchange reserves.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Picture source GOINDGEI
So, from this point of view, the U.S. dollar is the largest hard power in the United States, but it is also the weak point of the U.S., in particular, after Germany has squeezed U.S. exports out of the market, it has rapidly accumulated renminbi and gold reserves, and Hungary has also followed up the advancement of gold to return home. The decision may be more like telling the world that the fissures of the world economic and financial system centered on the US dollar and technology are expanding not only in the East but also in the West. The German economic community, which has always had a sense of economic uncertainty, also hopes to be able to share a larger share of the major Asian-European economic projects promoted by China. (Finish)
The world’s largest trade surplus country: Germany is rapidly accumulating RMB and gold reserves
原创 BWC中文网 2018-04-05 10:07
《路透社》在数周前援引位于慕尼黑的智库IFO称，德国2017年经常帐盈余为全球最高（2870亿美元），连续第二年创全球各国最高，其次是日本的2030亿美元，中国2017年经常帐盈余为1350亿美元，排名第三。
图片来源Business Recorder
也就是说，德国已经成为世界第一大贸易顺差国，而美国是德国制造商品的最大买家，仅2017年美国人就购买了德国1115亿欧元的货物。事实上，美国和德国之间的行业竞争更为直接，结果就是技术竞争优势挤占了美国的份额，大放异彩的欧元也让德国出口在国际上获得了额外的优势。
我们查询Global EDGE公布的数据发现，德国前10大出口类别（包括机械和电子设备等）中的九个也在美国前10大出口类别之中。简单一句话来说，德国出口已经把美国出口挤出了市场。
所以，美国从来没有停止过对德国贸易问题上的指责，曾批评德国的贸易政策“非常差”，损害美国经济利益，欠北约和美国一大笔钱，德国总理默克尔则回击称，国内消费才是德国经济增长的主要推动力，并非贸易顺差。
德国前十大出口货物/ 数据来源于Global EDGE
正是在这些背景下，德国不仅在贸易出口在慢慢摆脱对美国的依赖，在外汇储备资产上也在去美元化，因为，随着美国经济、美元国际使用量和信用的渐渐衰败和下降，全世界对美元的依赖和包括近金寄存在美国等越发不安，甚至有一些猜测认为美联储监守自盗，用于操纵汇率，于是，近年掀起了一股运回海外黄金的潮流。
所以，作为黄金储备排名世界第二位的德国，率先行动。据CNN报道，德国央行去年8月宣布，该行已经完成了一项计划，自2013年以来,已经提前把存放在纽约和巴黎两地的黄金转移回了德国国内。与此同时，目前，法国，意大利、荷兰、匈牙利等国央行也在加快制订让本国黄金回国计划。
那么，德国为什么突然对把黄金从美国提前运回国表现出如此强烈的紧迫感与危机感？这背后隐藏着什么？只要听听这位德国联邦银行官员的话就明白了。
图片来源AFP
“一旦遭遇货币危机，德国可以立马发行自己的新货币”，要知道，德国可以利用其世界第二多的黄金储备来购买新货币，使其迅速成为欧洲强势币种，再加上雄厚强大的制造业为基础，所以，这个德国官员的惊人言论并非空穴来风。
数据显示，自2016年以来，德国买入的黄金总计达到了80亿美元，创下了欧洲地区国家的最高纪录，这说明，德国投资者们已经开始瞄准黄金以求避险。这从3月中甸匈牙利央行（只是中央银行中最小的黄金所有者之一）决定要将存在英国的黄金提前运回国这件事上也得到了印证，更是对那些认为他们需要开始努力保护其财政和资产边界的国家来说具有重要风向标的作用。
不仅于此，在德国运回黄金和快速购买黄金之后，德国对美元信用的防备不但没有停止，反而继续在其外储资产表中加大力度去去美元化。比如，1月15日德国央行理事会成员Andreas Dombret表示，德国央行决定将人民币纳入外汇储备。再比如，根据美国财政部3月15日发布国际资本流动报告，德国在今年1月减持33亿美元美债。事实上，不仅是德国，包括法国、西班牙、比利时等一批欧洲老牌资本主义国家也几乎同时宣布将人民币纳入其外汇储备。
图片来源GOINDGEI
所以，从这一点来说，美元既是美国最大的硬实力，但也是美国的软肋，特别是，德国把美国出口挤出市场后，快速积累人民币和黄金储备及匈牙利也跟进提前运黄金回国的决定，或许更像是告诉世界，以美元及技术为核心的世界经济金融体系裂痕不仅在东方，也正在西方内部间扩大。而一直有经济忧患意识的德国经济界也希望能在中国推动的亚欧重大经济项目中能分得较大的一杯羹。（完）
Reuters quoted the IFO, a think tank based in Munich, a few weeks ago that Germany’s current account surplus is the highest in the world ($ 287 billion) in 2017, the highest in the world for the second consecutive year, followed by Japan’s US$ 203 billion, China 2017 The current account surplus is $135 billion, ranking third.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Image Source Business Recorder
In other words, Germany has become the world’s largest trade surplus country, and the United States is the largest buyer of German-made goods. In 2017 alone, Americans purchased 111.5 billion euros of German goods. In fact, the industry competition between the U.S. and Germany is more direct. The result is that technological competitive advantage has overtaken U.S. share. The splendid euro has also given German exports an extra advantage internationally.
We look at the data released by Global EDGE and found that nine of the top 10 export categories (including mechanical and electronic equipment, etc.) in Germany are among the top 10 export categories in the United States. In simple terms, German exports have already squeezed US exports out of the market.
Therefore, the United States has never stopped accusing the German trade issue. It once criticized Germany’s trade policy as “very bad” and damaged the economic interests of the United States. It owed a large amount of money to NATO and the United States. German Chancellor Angela Merkel responded by saying that domestic Consumption is the main driving force behind Germany’s economic growth, not the trade surplus.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Germany's top ten export goods / data from Global EDGE
It is against these backgrounds that Germany is not only slowly escaping its reliance on the United States for trade exports, it is also depreciating its foreign exchange reserve assets, because, as the U.S. economy, the U.S. dollar’s international usage and credits gradually decline and decline, The world’s dependence on the U.S. dollar and its proximity to the U.S. have become increasingly unrest in the United States, and there are even some speculations that the Fed has guarded itself and manipulated the exchange rate. As a result, a wave of overseas gold has been set in recent years.
Therefore, Germany, ranked second in the world as a gold reserve, took the lead. According to CNN, the German Central Bank announced in August last year that it had completed a plan and that since 2013, it had transferred gold stored in New York and Paris to Germany in advance. At the same time, at present, the Central Banks of France, Italy, the Netherlands, Hungary, and other countries are also speeding up plans for the return of their gold.
Why did Germany suddenly feel so urgent about the rush and sentiment that gold is shipped back to the United States from the United States? What is hidden behind this? Just listen to the Bundesbank official and understand.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Picture source AFP
“In the event of a currency crisis, Germany can immediately issue its own new currency”. It is important to know that Germany can use its second-largest gold reserves in the world to buy new currencies and quickly become a strong European currency, plus a strong and powerful one. Based on manufacturing, the astonishing remarks of this German official are not groundless.
The data shows that since 2016, the total amount of gold bought by Germany has reached 8 billion U.S. dollars, which has set a record for countries in the European region. This shows that German investors have started targeting gold for safety. This was also confirmed in March when the Hungarian Central Bank of Hungary (and only one of the smallest gold owners in the central bank) decided to send Britain’s gold back to the country in advance. It is also for those who think that they need to start working hard to protect Countries with fiscal and asset borders are important weathervanes.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Not only that, after Germany's repatriation of gold and rapid purchase of gold, Germany’s defense of the US dollar’s credit has not only not stopped, but has also continued to increase its efforts to depreciate dollars in its foreign reserve assets table. For example, on January 15 the German central bank board member Andreas Dombret stated that the German central bank decided to include the yuan in foreign exchange reserves. For another example, according to the US Department of the Treasury’s report on international capital flows on March 15, Germany reduced its holdings of US$3.3 billion in US debt in January this year. In fact, not only Germany, but also a group of old European capitalist countries including France, Spain, Belgium, etc., also announced at the same time the inclusion of the renminbi in their foreign exchange reserves.
After Germany became the world’s largest trade surplus country, it is rapidly accumulating RMB and gold reserves
Picture source GOINDGEI
So, from this point of view, the U.S. dollar is the largest hard power in the United States, but it is also the weak point of the U.S., in particular, after Germany has squeezed U.S. exports out of the market, it has rapidly accumulated renminbi and gold reserves, and Hungary has also followed up the advancement of gold to return home. The decision may be more like telling the world that the fissures of the world economic and financial system centered on the US dollar and technology are expanding not only in the East but also in the West. The German economic community, which has always had a sense of economic uncertainty, also hopes to be able to share a larger share of the major Asian-European economic projects promoted by China. (Finish)
